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The rapidly rising and falling Bitcoin prices we've seen so far this year might seem alarming to those unfamiliar with the digital currency.

But to those who have been closely involved with Bitcoin over the past few years, the recent steep climb (213% in nine weeks) and sudden plunge (31.6% in three days) is well-worn ground.

In fact, many longtime Bitcoin owners were expecting a crash in the days leading up to the May 25 all-time high of $2,791.69.

I was one of them.

I first wrote about Bitcoin in June 2011, just days after one of the early Bitcoin crashes. The price of Bitcoin fell from $32 to $10 in four days, a 68% drop. The decline continued at a slower pace through November, bottoming out at $2 for a total decline of 94% in just five months.

We Bitcoin veterans have endured many more crashes since then…

Why Falling Bitcoin Prices Are Nothing to Fear

One Bitcoin price crash came in August 2012, when the Bitcoin price fell 51% in about three days, from $15.25 to $7.50. Less than a year later, in April 2013, Bitcoin crashed nearly 80% within hours because the Mt. Gox exchange (the dominant Bitcoin exchange at the time, with about 70% market share) went down.

And of course the biggest Bitcoin crash came with the protracted collapse of Mt. Gox in late 2013 and early 2014. In the fall of 2013, a surge in global interest pushed the Bitcoin price up more than a 1,000% in just four months.

But through mismanagement and theft of the Bitcoin it held, Mt. Gox became insolvent. When it finally went dark in February 2014, Mt. Gox admitted it had lost 850,000 bitcoins. The news sent Bitcoin tumbling 63% in less than three weeks.

There's no denying Bitcoin's tremendous potential. The predicted price surges to $10,000, $100,000, or even $1 million over the next decade could turn a modest investment into the payout of your life. Here's how to get started... Enter your email below to get the report.

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